Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was votedone of the top 100 best places to live in 2017 by Money magazine. With population of 86,357, a median home price of $222,000, andestimated property taxes at 10.6 mills, how much does the average homeowner pay in property taxes? (Round your final answer to thenearest cent.)Average homeowner pay in property tax Blunt County needs $700,000 from property tax to meet its budget. The total value of assessed property in Blunt is $110,000,000.What is the tax rate of Blunt? (Round to the nearest ten thousandth. Express the rate in mills.)Tax ratemills

As posted multiple independent questions we are answering only one kindly repost the unanswered…

Blunt County needs $700,000 from property tax to meet its budget. The total value of assessed property in Blunt is $110,000,000. What is the tax rate of Blunt? (Round to the nearest ten thousandth. Express the rate in mills.) Tax rate mills

Blunt County needs $700,000 from property tax to meet its budget. The total value of assessed property in Blunt is $110,000,000. What is the tax rate of Blunt? (Round to the nearest ten thousandth. Express the rate in mills.) Tax rate mills

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was voted
one of the top 100 best places to live in 2017 by Money magazine. With population of 86,357, a median home price of $222,000, and
estimated property taxes at 10.6 mills, how much does the average homeowner pay in property taxes? (Round your final answer to the
nearest cent.)
Average homeowner pay in property tax

Blunt County needs $700,000 from property tax to meet its budget. The total value of assessed property in Blunt is $110,000,000.
What is the tax rate of Blunt? (Round to the nearest ten thousandth. Express the rate in mills.)
Tax rate
mills

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